Best mobile payment apps of 2022 (2023)

Best mobile payment apps of 2022 (1)

The best mobile payment apps make it simple and easy to pay for goods and services, and all by using nothing more than an app installed on your smartphone.

Mobile apps providing contactless payments have become common since the introduction of Near Field Communication (NFC), turning individual smartphones into the equivalent of a payment card.

Just as like contactless credit and debit cards, however, mobile payments have their limitations - but they also have their fees, and sometimes these aren't always so clear.

Therefore as mobile apps deliver on the promise of the digital wallet they are changing and expanding the way we pay for things in everyday life. They excel at small transactions, avoiding the need for having cash, and this can apply not just when shopping but also for everyday items.

However, as well as contactless payments, mobile payment apps can also be great for sending money to people you know, such as friends or family, or paying traders directly.

As contactless payment platforms continue to be rolled out, we'll help you choose the right mobile apps and NFC system that can work for you.

We've also featured the best mobile card payment readers.

The best mobile payment apps of 2022 in full:

Best mobile payment apps of 2022 (2)

1. Apple Pay

iOS meets cashless

Reasons to avoid

-

Apple only

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Apple likes to make the complex simple, and easy for everyone to do, and their mobile payment offering, Apple Pay is true to that philosophy. There is no app to download, and it works on iPhones, and can be used for online purchases on Macs.

The user provides the credit card information to their Apple account. Then the iPhone is used for the purchase through a contactless payment method at a retail establishment, and it is considered more secure as the user has to verify identity via the Touch ID sensor or Face ID. Users can also easily send cash to each other via an iMessage, or by just asking Siri, the digital assistant. When you receive the cash, it goes to your Apple Pay Cash balance, which can be subsequently transferred to your bank account.

Apple Pay is accepted at about half of US retail locations, including the popular retail establishments of Starbucks, Walgreens, McDonald’s and Best Buy among many others.

Best mobile payment apps of 2022 (3)

2. Google Pay

The internet giant does payments

Reasons to buy

+

Widespread acceptance

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+

Preloaded on many Android phones

Reasons to avoid

-

Needs different app for person-to-person payments

The Android mobile payment app is Google Pay which comes preloaded on Android smartphones. It is accepted at many retail stores, including Bloomingdale’s, Chick-Fil-A, KFC, Nike and Staples, and also online services such as Airbnb and DoorDash. It claims to be more secure than using a traditional credit card as the card number is not directly sent, and protected via multi-layer security encryption.

Google Pay supports a number of credit cards from a number of the major providers, such as Chase, Citi, Discover and American Express. However, that debit card from your tiny credit union with only three branches is not likely to be on the supported list. However, there is a way to directly connect your PayPal account, and all Visa cards are supported via Visa Checkout.

Also confusing is the fact that to be able to send money directly to another user (person-to-person transaction), you need a different app: Google Pay Send.

Best mobile payment apps of 2022 (4)

3. Samsung Pay

A useful mobile payment app, limited to Samsung phones

Reasons to buy

+

High degree of acceptance

+

Works at older magnetic strip terminals

Reasons to avoid

-

Limited number of supported phones

With their market-leading Galaxy phones (opens in new tab) now common among users, Samsung also now provides their mobile payment app, Samsung Pay. It is supported on several of Samsung’s latest flagship smartphones, such as the Galaxy S9, but not on other manufacturer’s phones, limiting more widespread adoption. The Samsung Pay app connects to credit and debit cards from a number of major banks.

The good thing about Samsung Pay is the near universal acceptance as merchants do not need to opt into the program. Rather, Samsung Pay works with conventional credit card readers, using the newer EMV or NFC tech, or even the older ones using magnetic strip technology – by holding the phone next to it, the credit card information contained in the magnetic strip gets transmitted via a technology called magnetic secure transmission (MST).

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With such flexibility in interacting with the credit card reader, Samsung Pay can truly replace that pile of credit cards in your wallet with a phone app.

Best mobile payment apps of 2022 (5)

4. PayPal

A big-name payment provider, but watch the fees in some cases

Reasons to buy

+

Free person-to-person transfers

+

Existing ecosystem of accounts

Reasons to avoid

-

Not widely accepted

It seems like PayPal has been around for eons when it comes to online transactions, and with their mobile app they want to move beyond just providing seller protection for online purchases.

These days, they want to deliver direct person-to-person payments, and furthermore, to get into the retail payment space, although you are still more likely to be able to pay online with this service than at the checkout counter. This is due to the lack of support for NFC with PayPal’s app, and only a handful of retailers jumping on the bandwagon to accept PayPal has hampered efforts to date.

A downside of PayPal has been the fees, which can be complicated and difficult to understand as there are so many of them. At least for buying a product online or in-person, PayPal does not charge a fee, nor does it charge for a person-to-person transfer (without seller protection), so you can send some cash to help split a check.

However, while transferring from a linked bank account does not incur a charge, with an Instant Transfer from a linked debit card, there is a transfer fee applied.

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5. Venmo

The money transferring companion to Facebook

Reasons to buy

+

Free for transactions without credit card

+

Connects to Facebook contacts

Reasons to avoid

-

Limited acceptance at retailers

Venmo works via a mobile app on your smartphone, and signing up can be done with your Facebook account, if you prefer. Next, you link your bank account or credit card. Then you can use the app to send or receive money from other Venmo users, or you can send money via a phone number or email as the app can access your Facebook or phone contacts; and if the recipient is not currently on Venmo they are prompted to create an account.

Venmo is more useful for online payments, but a few retailers do accept it, including Forever 21 and Foot Locker.

Read our full Venmo review.

How to choose the best mobile payment apps

There are some solid options if you're looking for the best mobile payment apps, as witnessed by the selection we have in this guide. We've picked out what we think is the current best of the bunch, in terms of quality and performance.

Convenience will probably be at the top of your shopping list, so you'll want to select an app that is user-friendly and centered around being used in the mobile environment. Simple is one thing, but free is another, which if you're looking for basic payment capabilities should be possible.

However, if you plan to use your mobile payment app to do things other than send money to family members, or pay for things on the go, you may want to look at subscription packages. These may offer more power tools inside the app for beefier mobile payment tasks.

How we test the best mobile payment apps

The best mobile payments are all about offering convenience. In which case, our primary reason for testing these handy chunks of software is to see how quickly and easily they let you pay for things.

We try the out the payment software on each platform the package is designed for, noting useful features and functions as we go. We'll check the stability as well as the reliability of transactions as they're processed. Knowing you've got an app that will handle your money without hassle or security issues is vital.

We've also kept an eye on any costs involved with the best mobile payment apps. Basic everyday transactions only require you to have a simple-but-effective app, but if you're looking for more functionality, the paid-for options might be worth a look. We've checked the value for money aspect of any included here.

Read how we test, rate, and review products on TechRadar (opens in new tab).

We've listed the best accounting software for small business. (opens in new tab)

Jonas P. DeMuro is a freelance reviewer covering wireless networking hardware.

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FAQs

Which is the No 1 payment app in India? ›

Google Pay is ranked as one of the best UPI apps in India because it provides cashback options along with coupons. GooglePay can also be used in regional languages like Bengali, Hindi, Tamil, Kannada, Gujarati, Marathi, etc. This is one of the most important reasons that make GPay the most used UPI app In India.

Which phone payment is best? ›

Google Pay works across Android and iOS and is also designed to be capable in your browser. There aren't any fees and immediate transfers are from debit cards only. Since Google Pay also works through browser cookies, it doesn't require your phone to complete any online transactions.

What is the safest online payment app? ›

Only PayPal Mobile Cash, Square Cash, and Venmo offer this option. No app provides fraud protection beyond tools to protect your account.

What is the most widely accepted payment app? ›

The 6 Best Payment Apps of 2022
  • Best Overall: PayPal.
  • Best for Friends: Venmo.
  • Best With No Frills: Cash App.
  • Best for Banking: Zelle.
  • Best for Google Accounts: Google Pay.
  • Best for Social Media: Meta Messenger.

Which is safe GPAY or PhonePe? ›

Both the payment systems are equally secure in terms of application consent. Conclusion:- if you are speaking as which is Best between Google Pay and PhonePe then it depends on you as to which digital payment app you like the most. We have provided every possible detail regarding both digital payment platforms.

Which is safe Paytm or PhonePe? ›

The account management feature of PhonePe is better than Paytm's. You can handle management-related options in just a couple of clicks in PhonePe. Generally, Account Management comprises auto-payment of bills and bill payment reminders. And PhonePe has a better interface for these two options.

Which UPI app is safest? ›

Why should you use BHIM UPI
  • As it is a government supported app, it is considered more secure and most reliable cashless payment option.
  • The main feature of this app is that it works in a feature phone without internet. ...
  • It makes money transfer easy as funds can be transferred using the mobile number.
Jul 6, 2022

Which bank UPI is best? ›

As of Q1 2022, the top UPI Apps in terms of volume were PhonePe, Google Pay, Paytm Payments Bank App, Amazon Pay, Axis banks App, while top PSP UPI Players were Yes Bank, Axis Bank, State Bank of India, HDFC Bank and Paytm Payments Bank.

Is PhonePe Indian? ›

PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer.

Is Apple pay or Google Pay better? ›

Apple Pay and Google Pay are largely identical offerings. Apple may be to be easier to use, but Google has more features. Google acts as an intermediary and stores your card details on its servers, while Apple has explicitly declared that it will never track your transactions.

What app do people use to pay? ›

Which payment app is right for you?
Choose this payment app...If you want...
Cash AppA straightforward app without complications
PaypalA versatile app that offers flexibility with your payments
StripeA payment app worthy of your business' needs
VenmoTo send money to family and friends
1 more row
Jun 14, 2022

Which is better PayPal or Cash App? ›

Both Cash App and PayPal are useful financial payment technologies with unique benefits. PayPal displays a more well-rounded experience, making it the better option for most people. However, those looking for instant payments and investing may find Cash App more suitable.

Is PhonePe safe to use? ›

PhonePe Security - Every Payment is Protected on PhonePe. That's why we have an advanced security infrastructure to keep your transactions safe. We do what it takes to earn the trust that you and 25 crore Indians have placed in us.

Is Apple Pay or PayPal safer? ›

Is Apple Pay safer than PayPal? Also yes, thanks to its tight security and encryption of the devices you use it with. Apple Pay is even safe if you lost your phone or it got stolen as you can suspend your Apple Pay app through the Find My iPhone feature.

Is Google Pay safe? ›

How safe is Google Pay? Google Pay protects your payment info with multiple layers of security, using one of the world's most advanced security infrastructures to help keep your account safe. When you pay in stores, Google Pay doesn't share your actual card number, so your information stays secure.

Is GPAY better than Paytm? ›

These payment apps are fast and user-friendly. But Google Pay is far more fast and convenient than Paytm. In Google Pay, when you to any merchant or person, the money directly gets deduct from your bank account. So you don't have to use your debit/credit card every time you do transactions.

What is the disadvantage of PhonePe? ›

The first disadvantage I think, Phonepe is a little less secure. Because when you tap on the Phonepe app in your mobile, the dashboard opens without any authentication. It neither asks you PIN nor password to open. So, because of this demerit, anyone can access the app.

Why PhonePe is better than Paytm? ›

In the case of user interface the PhonePe platform is slightly better than Paytm as the platform is incredibly spacious. The platform provides a clear and smooth experience to its users and makes the process of payments simple.

Why is PhonePe so popular? ›

The app enables users to manage their bank accounts digitally, gain access to them whenever it's convenient, and use their money any way they see fit. To make their digital payments, they can quickly link their credit and debit cards with a mobile wallet. Additionally, PhonePe allows for instant money transfers.

Who is owner of PhonePe? ›

Sameer Nigam founded PhonePe in 2015 and serves as its Chief Executive Officer. Before PhonePe, he served as the SVP Engineering and VP Marketing at Flipkart.

Is Bharatpe better than Paytm? ›

Bharatpe is most highly rated for Culture and Paytm is most highly rated for Work/life balance. Learn more, read reviews and see open jobs.
...
Overall Rating.
Overall Rating3.84.0
Work/life balance3.63.9
Compensation and benefits4.03.7
Job security and advancement3.63.5
Management4.03.5
1 more row

Can UPI Id be hacked? ›

Many users are unaware that receiving money via the UPI app does not require scanning a QR code or entering your UPI pin. Hackers frequently send fake links with the option to request money. Once the user clicks on this link, it will ask for the UPI pin or to scan a code.

Is BHIM better than Google pay? ›

Google Pay (Tez) beats BHIM also in transaction limits. If you link your savings account, you can only pay ₹20000 per day per bank account using BHIM app. But if you use Google Pay (Tez), you can pay ₹1 lakh per 24 hours per bank account. Here you should note that the upper limit ₹1 lakh is set by UPI itself.

Who invented UPI? ›

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts.

Which bank UPI is faster? ›

Notes: Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.

Which UPI is fast? ›

Google Pay

You can find useful shortcuts including mobile recharge, electricity bill payment, or bank transfer the instant you launch the app. If all you need is a simple and efficient way to make UPI payments in India, you don't have to look any further than Google Pay.

Which is better BHIM vs PhonePe? ›

Google Pay is faster but PhonePe surpasses it. BHIM app has a unique feature which lets users make payments using Aadhar Card. You can use the beneficiary's Aadhaar number to make payments. The only condition is that the beneficiary's Aadhaar should be linked with the bank account.

Is PhonePe Chinese app? ›

So is PhonePe Indian? The answer is yes and it is a financial technology company headquartered in Bangalore, India. It was founded by Sameer Nigam, Rahul Chari, and Burzin Engineer in December 2015.

Is GPAY Indian app? ›

Is Google Pay an Indian app? Google Pay is based out of the Google headquarters in California, US.

Will PhonePe work in USA? ›

Post the Flipkart-Walmart deal, Flipkart's digital wallet PhonePe has got a direct entry into the U.S market to fight against another set of biggies. In a conference call made by Walmart on Monday, the retail giant said that it wants to use Flipkart's payment capabilities in the US market soon.

Which is best payment app in India 2021? ›

  • Google Pay (formerly known as Tez) As its part of the Google ecosystem, they have scaled up their user base quickly, despite being a late entrant. ...
  • PhonePe (earlier part of Flipkart) Next in the list of top online payment apps in India is PhonePe. ...
  • Dhani. ...
  • BHIM Axis Pay. ...
  • PayTM. ...
  • Yono by SBI. ...
  • HDFC PayZapp.
Jan 22, 2021

Which is the most used payment app in India 2021? ›

Paytm users can perform almost each and every activity related to online payments on its app. And that's why it is certainly the most used payment app and is third in our list of best UPI apps in India.

Which is better Paytm or Google Pay? ›

These payment apps are fast and user-friendly. But Google Pay is far more fast and convenient than Paytm. In Google Pay, when you to any merchant or person, the money directly gets deduct from your bank account. So you don't have to use your debit/credit card every time you do transactions.

Which UPI is safest? ›

Why should you use BHIM UPI
  • As it is a government supported app, it is considered more secure and most reliable cashless payment option.
  • The main feature of this app is that it works in a feature phone without internet. ...
  • It makes money transfer easy as funds can be transferred using the mobile number.
Jul 6, 2022

Why PhonePe is better than Paytm? ›

In the case of user interface the PhonePe platform is slightly better than Paytm as the platform is incredibly spacious. The platform provides a clear and smooth experience to its users and makes the process of payments simple.

Which UPI platform is best? ›

  • PhonePe App. With over 2,077 million transactions, PhonePe rules the forum of best UPI Apps in India. ...
  • Paytm App. ...
  • MobiKwik App. ...
  • BHIM App. ...
  • Google Pay (Tez) App. ...
  • Amazon Pay App. ...
  • SBI Pay App. ...
  • CRED App.
May 12, 2022

Which bank UPI is best? ›

As of Q1 2022, the top UPI Apps in terms of volume were PhonePe, Google Pay, Paytm Payments Bank App, Amazon Pay, Axis banks App, while top PSP UPI Players were Yes Bank, Axis Bank, State Bank of India, HDFC Bank and Paytm Payments Bank.

Why is PhonePe so popular? ›

The app enables users to manage their bank accounts digitally, gain access to them whenever it's convenient, and use their money any way they see fit. To make their digital payments, they can quickly link their credit and debit cards with a mobile wallet. Additionally, PhonePe allows for instant money transfers.

Who invented UPI? ›

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts.

Who is the owner of PhonePe? ›

Sameer Nigam founded PhonePe in 2015 and serves as its Chief Executive Officer. Before PhonePe, he served as the SVP Engineering and VP Marketing at Flipkart.

Is GPAY better or PhonePe? ›

PhonePe has a wallet of its own with which a user can do a transaction of up to ₹10,000. There is no wallet on Google Pay. 3. Google Pay users who are nearby can send or receive money without having each other's number.

Is it safe to use PhonePe? ›

PhonePe Security - Every Payment is Protected on PhonePe. That's why we have an advanced security infrastructure to keep your transactions safe. We do what it takes to earn the trust that you and 25 crore Indians have placed in us.

Which is the safest online payment app in India? ›

  • PayTM. ...
  • Amazon Pay. ...
  • YONO by SBI. ...
  • MobiKwik. ...
  • BHIM. ...
  • WhatsApp Payments. ...
  • My Jio. ...
  • BHIM Axis Pay. The last app on the list is BHIM Axis Pay, a UPI-enabled application that enables you to send or receive money online with ease.
Apr 19, 2022

Can UPI be hacked? ›

Many users are unaware that receiving money via the UPI app does not require scanning a QR code or entering your UPI pin. Hackers frequently send fake links with the option to request money. Once the user clicks on this link, it will ask for the UPI pin or to scan a code.

Is PhonePe Indian? ›

PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer.

Is it safe to use Paytm? ›

UPI payments are absolutely safe. UPI payments are regulated by the Reserve Bank of India & NPCI and mobile payment applications like Paytm follow all the guidelines as laid down by these regulators.

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